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Citigroup (C) plans to launch institutional bitcoin custody later this year, part of a broader push to integrate digital assets into the bank’s traditional financial infrastructure.Nisha Surendran, who heads Citi’s digital asset custody product buildout, described the initiative in a speech at the World Strategy Forum on Thursday as an effort to “make bitcoin bankable.”That begins with institutional-grade key management and wallet infrastructure. But, Surendran said, the ambition is broader: to bring bitcoin into the same custody, reporting and control frameworks that clients already use for traditional assets.“We will be offering our clients a single service model across crypto, securities…

Key PointsThe Nasdaq fell 2.0% while the Dow lost just 0.4%, thanks to differences in how the indexes are weighted.AI stocks are under pressure as investors question the return on investment from massive AI spending.Stubborn inflation data is hurting financial stocks as investors expect the Fed to keep interest rates elevated.10 stocks we like better than Dow Jones Industrial Average ›The stock market has been choppy recently and is ending the week on a sour note. The three major market indexes are down again, and Nvidia (NASDAQ: NVDA) is still setting the tone on Wall Street.As of 1:10 p.m. ET,…

The UK fintech sector continues to attract significant investment, having raised £2.6billion in recent months to become the second highest globally. However, industry experts are warning that many companies are actively undermining their own success through unnecessarily complex communications.Drowning in jargonPeter Ibbetson, co-founder of JournoLinkMedia relations platform JournoLink has identified a persistent problem across the financial technology sector: businesses are drowning their most compelling stories in jargon, technical language, and convoluted messaging. This communication style is alienating journalists, investors, and stakeholders alike.The issue arrives at a critical juncture for the industry. While three-quarters (74 per cent) of UK fintech founders…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sir Keir Starmer on Friday saw his political strategy shattered and faced Labour calls to tack to the left after a historic Green Party parliamentary by-election victory further weakened the prime minister’s authority.The Green victory in Gorton and Denton showed the fracturing of the left vote in British politics, leaving Starmer desperately trying to hold the centre against what he claimed were the “extremes” of British politics.Starmer’s already weakened authority was damaged by the defeat, which triggered demands from senior colleagues that…

Amos Hochstein, managing partner at TWG Global, joins “Bloomberg Surveillance” to discuss the US-Iran talks. Hochstein says “I’m still not sure if these negotiations are for real. I think they began as sham.” (Source: Bloomberg)

Friday’s session delivered a brutal end to what had already been a painful month for risk assets. A wholesale price report that nobody wanted to see, combined with mounting fears over artificial intelligence’s disruptive footprint on the U.S. labor market, hammered equities across the board. The (DJIA) cratered 715 points, or 1.63%, settling at 48,694.51. The (SPX) shed 0.94% to land at 6,844.25, and the (COMP) surrendered 1.08%, closing at 22,632.30. Small-caps fared even worse — the (RUT) tumbled 1.46% to 2,638.11, underscoring that risk aversion swept through every corner of the market. The January came in scorching hot and…

The Iowa Department of Agriculture and Land Stewardship is now accepting applications for the 2026 Specialty Crop Block Grant Program, a federally funded initiative through the U.S. Department of Agriculture’s Agricultural Marketing Service. The program supports projects that enhance the competitiveness of Iowa-grown specialty crops such as fruits, vegetables, tree nuts, horticulture, nursery crops and floriculture. Eligible Iowa-based agencies, universities, producers and community organizations may apply for grants of up to $30,000. Applications are due by 4 p.m. on March 27. 

These are some of the stocks posting the largest moves at midday.

We’ve spent a lot of time on the AI-driven selloff in software — and it’s now spilling into areas like credit card networks, rating agencies, and cybersecurity. The irony is that many bulls view AI as a catalyst for cybersecurity, not a threat. That’s not to say AI can’t introduce new risks, but it’s a reminder that Wall Street can be short-term and emotional. With that in mind, we’re taking a deeper dive into .Palo Alto Networks provides cybersecurity products and services globally, spanning next-gen firewalls, cloud security, secure access, and threat prevention/detection. It also sells subscriptions for threat intelligence,…

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxThe Singapore Tourism Board and Ant International have renewed their multi-year partnership to drive tourism growth through stronger digital connectivity.The collaboration will focus on driving visitor demand, enabling seamless and secure mobile discovery and payments through Alipay+, and supporting local businesses.It will also expand data sharing to generate actionable insights on traveller behaviour and strengthen the competitiveness of Singapore’s travel ecosystem, in line with STB’s Tourism 2040 roadmap.In 2025, transactions via Alipay+ in Singapore rose 36 percent year on year, placing the city-state among the platform’s top five…